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  • novalis_97 novalis_97 Aug 27, 2012 2:17 AM Flag

    Saying No to Korea's (Samsung's) Ingrained Counterfeiting Mentality

    Copying and counterfeiting is considered absolutely normal in Korean culture. Just walk down any famous large market street in Seoul to see counterfeit Louis Vuitton bags, Rolex watches, Prada purses, Nike sneakers, Levi's jeans, and other famous American and European brands being sold out in the public with impunity. Even the N. Korean cousins get into the game with fake US $100 bills called supernotes. So if you've grown up in this culture, as Samsung's executives have, then it's no surprise they'd eventually try to ouright steal the look-and-feel of Apple's iconic iPhone and iPad. In every business field in Korea, you're actually considered stupid by your competitor if you don't engage in outright copying. But now that Samsung is a global company, it cannot bring this copying-is-OK Korean mentality onto the global economic stage with impunity. It has to follow actual rules and laws prohibiting such counterfeiting for the first time -- a huge rude awakening for Samsung executives at back at Korean headquarters right now. This was bound to happen eventually, so it's good it started with this case. Samsung claims that prohibiting its counterfeiting of Apple products will "hurt consumer choice," but this is like the Korean layd selling counterfeit Louis Vuitton bags that the the real Louis Vuitton company is "hurting consumer choice" by trying to shut her down. Just like this lady, Samsung executives who've all become rich from counterfeiting will fight tooth-and-nail for their "Korean right" to freely counterfeit and rip-off with impunity whatever famous global brands they want.

    Sentiment: Strong Buy

 
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